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Iris Energy call volume above normal and directionally bullish

Bullish option flow detected in Iris Energy with 27,530 calls trading, 3x expected, and implied vol increasing almost 4 points to 97.59%. May-25 10 calls and May-25 6 puts are the most active options, with total volume in those strikes near 13,500 contracts. The Put/Call Ratio is 0.36. Earnings are expected on May 14th.

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